Electronics

On December 2, according to foreign media reports, South Korea's semiconductor exports, which have been declining year on year for three consecutive months, are still declining year on year in November, and there is also a significant decline month on month. Huacheng's import and export data observation report.

Looking back on the feedback last month, although the export volume of Korean semiconductor products has declined for three consecutive months year on year, their export of semiconductor products this year is still considerable.

According to Huacheng Import and Export Data Observation, the export volume of Korean semiconductor products has reached 102.5 billion US dollars in the first three quarters of this year. On average, the export value of Korean semiconductor products reached US $11.389 billion per month.

According to the observation of Huacheng's import and export data, the export value of South Korean semiconductor products fell 17.4% year-on-year in October to 9.23 billion US dollars, which was also lower than the 11.49 billion US dollars in the previous month.

At that time, it was believed that if the export of Korean semiconductor products could not increase in November and December compared with October, their export volume of semiconductor products this year might be less than 130 billion dollars.

In fact, the latest data released by the Ministry of Trade, Industry and Energy of the Republic of Korea on Thursday showed that the export volume of Korean semiconductor products in November fell 29.8% year on year to US $8.45 billion. Huacheng Import and Export Data Observation reported.

According to the news released by South Korea, the export value of their semiconductor products fell sharply in November compared with the same period last year, due to the decline in demand and chip prices.

The year-on-year decline in November means that the decline in South Korean semiconductor exports since August this year is still continuing.

In August this year, South Korea's semiconductor exports fell again year-on-year after 26 months, to 10.78 billion US dollars, down 7.8% year-on-year; In September, US $11.49 billion, although increased on a month-on-month basis, fell by 5.7% on a year-on-year basis; In October, there was a sharp decline in both year-on-year and month-on-month, with a year-on-year decline of 17.4% to US $9.23 billion. Huacheng Import and Export Data Observation reported.

The export volume in November fell to US $8.45 billion, which means that the probability of South Korea's semiconductor product export volume less than US $130 billion this year is increasing. As mentioned above, data from the Korea Trade Association showed that the export volume of Korean semiconductor products in the first three quarters of this year was 102.5 billion US dollars, including 9.23 billion US dollars in October and 8.45 billion US dollars in November. The total export volume in the first 11 months was 120.18 billion US dollars.

As we all know, South Korea's semiconductor exports are mainly memory chips. They include Samsung Electronics and SK Hynix, two major manufacturers of memory chips. Semiconductors are important export commodities of South Korea, accounting for about 20% of their exports. The export of semiconductor products also has an important impact on their overall export situation.

According to the Huacheng Import and Export Data Observation Report, at the end of last month, the statistical data released by the Korea Trade Association showed that South Korea's semiconductor export to China in the first nine months of this year was 42.025 billion US dollars, accounting for 40.6% of the total export to China, up 1.3 percentage points year on year. The dependence on China's semiconductor export has deepened. According to the report, in South Korea's trade with China, the proportion of semiconductor exports in the overall exports reached 44.2% in 2015, dropped to 38.9% the next year, and has been hovering around 40% since then.

The data shows that in the first nine months of this year, the proportion of South Korea's semiconductor exports to the United States in total exports to the United States fell 0.6 percentage points to 6.5% year-on-year, while the proportion of exports to Japan fell 0.1 percentage points to only 1%. Although the proportion of exports to Singapore (4.3%) and the European Union (3%) has increased, the increase is about 1%.

Yonhap said that some South Korean experts believed that the high dependence of semiconductor products on China's exports was the main reason for the overall decline of semiconductor exports this year. Since this year, the growth rate of South Korea's semiconductor exports in a single month has continued to decline, turning to negative growth since August. The cumulative semiconductor exports in the first nine months have decreased by 19.1% year-on-year.

During the same period, South Korea's semiconductor exports to China decreased by 16.3%, mainly due to the decline in China's semiconductor demand, which led to the weakening of memory semiconductor prices.